• Best Islamic Credit Cards in Malaysia

    Islamic credit cards, also known as credit card-i, have similar traits as that of conventional credit cards - just that these cards are Shariah-compliant. This means that only halal transactions can be carried out with these cards. With an Islamic credit card, you can earn reward points, get cashback offers, and enjoy other complimentary privileges, including travel insurance and airport lounge access among others. Both Muslims and Non-Muslims can use these cards.

    Here are the Best Islamic Credit Cards in Malaysia 2018

    Updated on 10th April 2018

    Card Name
    Reward Programme
    Profit Rate (% p.a.)
    Takaful Protection
    Annual Fee
    Know More

    Earn 3x AmBonus Points on overseas expenses

    15% to 18%

    Up to RM2 million travel takaful coverage

    Principal card: Free for life Supplementary card: RM188 p.a. from 4th card onwards

    8% cashback on petrol expenses and 0.2% cashback on other retail transactions

    15% to 18%

    Takaful coverage provided

    RM254.40

    BSN Al-Aiman Classic Credit Card

    Earn 1x point on domestic retail expenses and 2x points on overseas retail expenses

    11.5% for Government employees

    13.5% for private sector employees

    Up to RM300,000 travel takaful coverage

    Free for life

    Maybank Islamic MasterCard Ikhwan Gold Card-i

    5% discount on petrol and groceries (only on Fridays and Saturdays)

    15% to 18%

    Up to RM100,000 debt relief

    Free for life

    Earn up to 5x reward points on all dining transactions

    Get 3x reward points on overseas retail expenses

    Get 2x reward points on shopping, insurance, and utilities expenses

    Get 1x reward point on all other retail expenses

    15% to 18%

    Travel takaful coverage of up to RM600,000

    RM212

    Public Islamic Bank Visa Gold Credit Card-i

    Get 0.1% Hibah Performance Bonus (unlimited) on both local and overseas retail expenses

    15% to 18%

    Up to RM100,000 debt relief under Credit Sure plan

    Principal card: RM159

    Supplementary card: RM106

    7% rebate on Petronas expenses with a statement balance of more than RM3,000

    3% rebate on Petronas expenses with a statement balance of below RM3,000

    0.2% rebate on other retail expenses

    15% to 18%

    Up to RM500,000 travel takaful coverage

    Free for life

    AmBank Islamic Visa Signature Card?i

    Ideal for:

    • Travel
    • Dining
    • Shopping

    Key and Additional Benefits

    • Earn 3x AmBonus Points on overseas transactions
    • Convert AmBonus Points to Air Miles with various travel reward programmes
    • Get Plaza Premium Lounge access
    • Get complimentary Hilton Premium Club Membership Card
    • Purchase protection of up to RM50,000
    • 0% Easy Payment Plan programme
    • Convert retail transactions into monthly instalments with AmFlexi-Pay plan

    Keep in Mind

    • Bonus points can only be earned against transactions made outside of Malaysia
    • A minimum annual income of RM80,000 is required to be deemed eligible for the card
    • Annual fee of RM188 will be charged on 4th supplementary card and onwards

    HSBC Amanah MPower Platinum Credit Card-i

    Ideal for:

    • Petrol
    • Groceries
    • Shopping
    • Other retail purchases

    Key and Additional Benefits

    • Get 8% cashback on petrol expenses
    • Earn 0.2% cashback on every RM1 retail expenses
    • Earn 1% cashback on all overseas retail expenses
    • Enjoy exclusive at more than 2,500 shopping outlets
    • Grace period of 20 days on all shopping transactions

    Keep in Mind

    • Monthly payment of RM50 or 5% of the outstanding balance
    • Monthly management fee will be calculated based on your payment history

    BSN Al-Aiman Classic Credit Card

    Ideal for:

    • Retail purchases
    • Shopping
    • Dining

    Key and Additional Benefits

    • Earn 2x points on overseas retail expenses
    • Earn 1x point on local retail expenses
    • Annual fee waived
    • Get BSN Zing PLUSMiles Card for free

    Keep in Mind

    • 11% p.a. management fee for Government employees
    • 13.5% p.a. management fee for private sector employees
    • Credit card facility limit will be determined based on your credit history
    • Minimum monthly payment of RM50 or 5% of your outstanding balance

    Maybank Islamic MasterCard Ikhwan Gold Card-i

    Ideal for:

    • Petrol
    • Grocery

    Key and Additional Benefits:

    • Get 5% discount on petrol and groceries
    • Earn 1x TreatsPoints on local and overseas expenses
    • One weekly Umrah winner gets to win an Umrah package (Muslim cardholder)
    • Non-Muslim cardholders stand a chance to win a holiday package
    • Get Maybank Touch ‘n Go Zing card for free

    Keep in Mind

    • Petrol and grocery discount capped at RM50 per customer per month
    • No TreatsPoints for Government entities
    • Minimum annual income of RM30,000 is required to be deemed eligible for the card

    RHB Islamic Platinum Credit Card-i

    Ideal for:

    • Dining
    • Shopping
    • Travel
    • Other retail purchases

    Key and Additional Benefits

    • Get up to 5x reward points on all dining transactions
    • Earn up to 3x reward points on overseas retail expenses
    • Get 2x reward points on shopping, insurance, and utilities expenses
    • Get 1x reward point on all other retail expenses
    • Golf and lounge privileges
    • Air miles redemption

    Keep in Mind

    • Annual fee of RM212
    • Reward points cannot be redeemed against charity, petrol transactions, and cash advance
    • Annual fee can only be waived against a minimum spend of RM24,000 p.a.

    Public Islamic Bank Visa Gold Credit Card-i

    Ideal for:

    • Gift shopping

    Key and Additional Benefits

    • Unlimited 0.1% Hibah Performance Bonus on local and overseas purchases
    • No introducer required to open a current account at any of Public Bank branches

    Keep in Mind

    • Card functionality is based on the concept of Ujrah

    CIMB Islamic Bank PETRONAS Gold Credit Card-i

    Ideal for:

    • Petrol
    • Retail purchases

    Key and Additional Benefits

    • Get 7% discount on transactions at PETRONAS with a statement balance of more than RM3,000
    • Enjoy 3% rebate on transactions at PETRONAS expenses with a  statement balance of below RM3,000
    • Get 0.2% discount on other retail expenses
    • Up to RM500,000 travel takaful coverage

    Keep in Mind

    • Minimum annual income requirement of RM24,000
    • Cash rebate capped at RM50 per card
    • Discounts only applicable for transactions carried out at PETRONAS

    Make the Most Out of Your Islamic Credit Cards

    The popularity of Islamic credit cards is growing rapidly in Malaysia. Most of these cards do not charge an annual fee. They offer fixed profit rates, free Takaful coverage and other additional benefits. These cards stand as a great alternative for conventional cards.

    If you are looking for an Islamic card that offers maximum benefits on all categories, then you could consider opting for the RHB Islamic Platinum Credit Card-i. It offers 5 reward points for dining transactions, 3 reward points for overseas expenses, 2 reward points for insurance, shopping and utility transactions and 1 reward point for all other retail expenses.

    Bankbazaar selects the best Islamic credit cards based on low profit rates, reward points, redemption rate, rewards catalogue, complimentary Takaful cover and discounts on multiple categories.

    Compare Islamic credit cards and choose a card as per your convenience.

    Know More About Islamic Credit Cards

    1. How to choose best Islamic credit cards?

    You can consider the following steps while choosing a card:

    • Check and Compare cards in terms of profit rates
    • Make sure the card you are about to choose is offering you ample benefits including, cashback, discounts, cash rebates, air miles, and takaful, to name a few
    • Make sure the card offers benefits on areas of expense you are most likely to incur
    • Whether the card comes with an annual fee or not

    2. How to compare Islamic credit cards?

    You can compare them on the basis of:

    • Profit rates
    • Annual fee
    • Cashback, reward points, discounts, air miles, and other such benefits

    3. How Islamic credit cards can help you?

    Islamic credit cards come with a host of benefits. You can use these cards to fulfil your Zakat responsibilities. You can also use this card as an alternative for conventional cards. Also, Islamic credit cards usually come with takaful coverage, which covers the outstanding credit card amount in case of an event of death or permanent disability of the cardholder. Other than these, Islamic cards also come with benefits and privileges similar to any of the conventional cards.

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